Finovate Spring

After a couple of years, we are back on Finovate's stage. This time we'll demo a new solution for the US market in San Jose.

After successful pitches three years in a row, back in 2013, 2014 and 2015, (back then we were called Photopay) we are ready to showcase advancements in our machine vision technology for mobile apps.

Our focus is on the research in the field of mobile text recognition (OCR) and the development of specialized SDKs (software development kit) that use a camera for data input. With machine vision software we surpass obstacle of manual data entry and simplify user journey in mobile apps. Currently, our real-time mobile OCR has a wide usage across industries, from reading payment slips and barcodes to scanning personal identity documents, checks, VIN, IBAN numbers, invoices, TOP-UP, scratch cards, etc.

The main advantages of all our solutions for text recognition are that they operate locally on a device (without the internet connection or server side) which means they are blazing fast and accurate, while at the same time integration into any app is very simple.

Over the last 18 months, our R&D efforts have been focused on taking a machine learning approach to OCR (DeepOCR) to make a significant leap forward technologically. And in San Jose, we'll be showcasing the latest and greatest in mobile vision technology.

At Finovate, we will debut BlinkReceipt, a real-time mobile vision SDK that extracts every possible detail from consumer purchase receipts across the retail industry. This solution runs locally on a mobile device (no server side), has high accuracy, scales infinitely, and is the most cost-effective way to collect consumer purchase data. BlinkReceipt can be used for purchase validation, loyalty and rewards programs, market research, and personal finance/lifestyle management, amongst other things. Currently, it supports receipt scanning for over 80% of the US printed receipts, and the plan is to increase US coverage to as close as 100% and expand internationally by the end of 2017.